Peapack Gladstone Financial Corp Has $1.25 Million Holdings in TotalEnergies SE Sponsored ADR $TTE

Peapack Gladstone Financial Corp cut its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 51.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,076 shares of the company’s stock after selling 20,620 shares during the period. Peapack Gladstone Financial Corp’s holdings in TotalEnergies were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Aberdeen Group plc lifted its position in TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after purchasing an additional 48,640 shares during the period. ABN AMRO Bank N.V. bought a new stake in shares of TotalEnergies in the 4th quarter valued at about $122,831,000. Assetmark Inc. increased its stake in shares of TotalEnergies by 8.1% in the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after acquiring an additional 18,480 shares during the last quarter. Vanguard Group Inc. bought a new stake in shares of TotalEnergies in the 4th quarter valued at about $5,337,330,000. Finally, Bank of Italy bought a new stake in shares of TotalEnergies in the 4th quarter valued at about $422,957,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

NYSE TTE opened at $89.97 on Thursday. The business has a 50 day simple moving average of $90.46 and a 200 day simple moving average of $77.99. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The stock has a market cap of $215.72 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 3.18 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The business had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. Analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wall Street Zen cut TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.33.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.